ELI5: Explain Like I'm 5

Continuous-repayment mortgage

A continuous-repayment mortgage is a kind of loan that allows you to pay back a certain amount every month. This type of loan helps you by making sure that, over time, you will pay back the full amount that you borrowed. With a continuous-repayment mortgage, you don't have to worry about owing any money after a certain amount of time. Instead, you will make payments on the loan every month until it is paid off. This can help you pay off the loan faster and save money in the long run.